New Jersey Statutes 52:14-17.40. Coverage, withholding of employee contribution, payment of remainder
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Terms Used In New Jersey Statutes 52:14-17.40
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
9. An employee enrolling for coverage shall, at the time of enrollment, authorize the participating employer to withhold, on an advance basis, from his wages or salary the contribution required by such employer for such coverage, which shall not exceed the premium or periodic charge therefor. The remainder of the premiums and periodic charges for employee and dependents coverage shall be paid by the participating employer out of its own funds.
L.1964, c.125, s.9; amended 2007, c.62, s.43.